Examples of Initial Cash Consideration in a sentence
The cash amounts allocated on Schedule 2.7(a) shall not be adjusted after the date thereof, except to take into account any adjustment to the Initial Cash Consideration in accordance with this Agreement.
Upon receipt by Shoreline of the Initial Cash Consideration, all right, title and interest in and to the Purchased Assets shall, as between the Parties, be deemed to be transferred to, and held by, Klondex notwithstanding that Klondex shall make the payments required by Sections 2.2(a)(ii), (iii) and (iv) after the Closing Time or that further actions may be taken by the Parties to effectively transfer title to Klondex after the Closing Time.
On the NESR Closing Date, NESR shall pay to Olayan interest accruing at the rate of 9.5% per annum on the amount paid by Olayan to purchase the Olayan Company Shares, up to an amount of $4,700,000 (the “Interest Amount”), which represents the total interest payable to Olayan on the Olayan Initial Cash Consideration Amount.
The Earn-out Cash Consideration and the Earn-out Common Unit Consideration, if earned, shall be satisfied in the same relative proportions as the Initial Cash Consideration and Common Unit Consideration (inclusive of the Common Units issued to EFS Holdings at the Closing), provided, however, that either Xx. Xxxxxx or Xx. Xxxxxxxxx may cause EFS Holdings to elect to have a larger proportion of the Earn-out Amount satisfied in Common Units as opposed to cash.
If the Preliminary Adjustment Amount is positive, the Initial Cash Consideration to be paid in accordance with Section 2.3(a)(1) shall be increased dollar-for-dollar by an amount equal to the Preliminary Adjustment Amount.